The Department of Housing and Urban Development has just announced the re-extension of exterior-only appraisals through August 31, 2020. Details were provided in Mortgagee Letter 2020-20. The re-extension … more FHA Extends Exterior-Only Appraisals Through August 31
HUD
Foreclosure and Eviction Moratorium Extended to August 31
The Federal Housing Administration extended its foreclosure and eviction moratorium through August 31, 2020. The announcement was made in Mortgagee Letter 2020-19. This guidance is applicable to all … more Foreclosure and Eviction Moratorium Extended to August 31
An Interview With FHA Commissioner Brian MontgomeryMembers Only
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Wade Nomination As FHA Commissioner Advances in Senate
On the same day that the full Senate confirmed Brian Montgomery as the next Deputy HUD Secretary, the Senate Banking Committee approved the nomination of Dana Wade to … more Wade Nomination As FHA Commissioner Advances in Senate
FHA Extends Foreclosure Moratorium and Exterior Appraisals Through June 30
Due to the continuing national emergency caused by the COVID-19 pandemic, the Federal Housing Administration today extended foreclosure moratorium guidance and the use of exterior-only and desktop appraisal … more FHA Extends Foreclosure Moratorium and Exterior Appraisals Through June 30
AGs Seek Consumer Protections for HECM Borrowers
A coalition of attorneys general from 24 states, the District of Columbia and Puerto Rico submitted a letter to Housing Secretary Ben Carson on May 1 requesting additional … more AGs Seek Consumer Protections for HECM Borrowers
FHA Implements COVID-19 Default Reporting Code
The Federal Housing Administration publicized the availability of a new Default Reason Code in the Single Family Default Monitoring System (SFDMS) to ensure that loss mitigation actions that … more FHA Implements COVID-19 Default Reporting Code
Financial Assessment Is Working (Part VI)
Financial Assessment is still working. Now in its sixth year, FHA’s policy of requiring the financial assessment (FA) of borrowers’ ability to pay has cut tax and insurance … more Financial Assessment Is Working (Part VI)
FHA Improves HECM Assignment Claims Process
This week, the Federal Housing Administration published Mortgagee Letter (ML) 2020-12, which gives servicers the ability to submit alternative documentation for assignment claims and extends delivery deadlines for assignment claims impacted … more FHA Improves HECM Assignment Claims Process
FHA Allows Digital Delivery of HECM Case Binders
The Federal Housing Administration this week published Mortgagee Letter (ML) 2020-07, which gives mortgagees the option to electronically deliver case binders for Single Family forward mortgage and HECM … more FHA Allows Digital Delivery of HECM Case Binders